4//SEC Filing
MALONE PETER GERALD 4
Accession 0001503290-21-000001
CIK 0001503290other
Filed
Jun 20, 8:00 PM ET
Accepted
Jun 21, 12:11 PM ET
Size
8.2 KB
Accession
0001503290-21-000001
Insider Transaction Report
Form 4
MALONE PETER GERALD
Director
Transactions
- Exercise of In-Money
Common Stock
2021-06-16+444→ 1,777 total - Exercise of In-Money
Transferable Subscription Right (right to buy)
2021-06-16−1,333→ 0 totalFrom: 2021-05-20Exp: 2021-06-16→ Common Stock (444 underlying)
Footnotes (2)
- [F1]On May 10, 2021, Aberdeen Income Credit Strategies Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of May 20, 2021 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 5,812,247 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitled their holders to purchase one new common share for every three Rights held. The subscription price per common share was $10.20 and was fixed as of the close of the subscription period on June 16, 2021 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, (continued in footnote 2)
- [F2]which entitled holders who fully exercised their basic subscription privilege the right to purchase, at a price of $10.20 per common share, additional common shares of the Fund, subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription right in full, but did not exercise the oversubscription privilege. The subscription rights expired on June 16, 2021 at 5:00 p.m. Eastern time.
Documents
Issuer
Aberdeen Income Credit Strategies Fund
CIK 0001503290
Entity typeother
Related Parties
1- filerCIK 0001209225
Filing Metadata
- Form type
- 4
- Filed
- Jun 20, 8:00 PM ET
- Accepted
- Jun 21, 12:11 PM ET
- Size
- 8.2 KB